New York Air Brake announced March 15 that it has acquired locomotive fueling, servicing and component remanufacturing company Snyder Equipment Co. Terms of the deal were not disclosed.
Although complete integration is expected to take 12 to 18 months, effective immediately, the Nexa, Mo.-based company will conduct business under the name Snyder Equipment, a Division of New York Air Brake, NYAB said.
Former Snyder Equipment President and CEO G. Samuel Benson will continue in his current role as head of the division.
NYAB said acquiring Snyder will strengthen its air supply product portfolio, adding wayside systems and service, “reinforcing NYAB’s total approach to the locomotive market—from technologies available through OE manufacturers to a full range of products available in the aftermarket.”
“With the addition of Snyder’s top-line products to our portfolio, railroad and support service customers will be able to turn to NYAB as a one-stop destination for an even wider range of high-quality products and services,” said NYAB President and CEO Ulisses Camilo. “Bringing together the expertise and commitment of these two storied organizations will continue through NYAB’s long-established post-sales distribution, service and support network.”
“Snyder built a well-earned reputation based on more than eight decades of wayside equipment and remanufacturing service experience. We’re very pleased to welcome them to the NYAB family,” said NYAB Senior Vice President Marketing, Sales and Service Jason Connell.
New York Air Brake LLC (NYAB), a member of the Knorr-Bremse Group, develops and supplies railway air brake control systems and components, electronically controlled braking systems, foundation brakes, training simulators and train handling systems, and wayside equipment to the rail industry. NYAB, headquartered in Watertown, N.Y., now operates manufacturing plants in Nixa, Riverside and Wheatland, Mo.; Salisbury, N.C.; and West Chicago, Ill. along with Train Dynamic Systems (TDS), a technology development unit located in Irving, Tex.